I See the Price of Gold is Rising
By OceanTiara
@RebeccasFarm (90063)
Arvada, Colorado
10 responses
@Shivram59 (35850)
• India
16 Apr
@RebeccasFarm Yes;prices of gold are going up.Recently I got my niece married.The most I had to spend was on gold -jwellery etc.
1 person likes this
@RebeccasFarm (90063)
• Arvada, Colorado
16 Apr
Oh lovely jewellery for your niece. You are a good Uncle.
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@Shivram59 (35850)
• India
16 Apr
@RebeccasFarm Her mother - my younger sister- expired in 2020 and her father way back in 1992.Since then I have been his mother and father.She has been living with us for years.I love her.Whatever I did for her was my duty.
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@RebeccasFarm (90063)
• Arvada, Colorado
16 Apr
@Shivram59 You are so good to do this Jaishankar. She is blessed you were there for her. RIP her Mother and Father your sister.
What happen to them?
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@MommyOfEli2013 (84094)
• Rupert, Idaho
16 Apr
That is a very good question. I don't know!
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@MommyOfEli2013 (84094)
• Rupert, Idaho
16 Apr
@RebeccasFarm I wonder if anyone does? Lol!
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@Tampa_girl7 (50352)
• United States
16 Apr
The price rising is good for those who have it. I suppose they could throw it at the zombies,
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@RebeccasFarm (90063)
• Arvada, Colorado
16 Apr
I remember when Costco was having a big sale of gold bars. Yeah that's a good idea Marie
@Marilynda1225 (82888)
• United States
16 Apr
The price of gold and silver isn't really something I pay attention to but I did hear that gold is rising in price. Wish I had some I could sell and make some extra bucks
1 person likes this
@RebeccasFarm (90063)
• Arvada, Colorado
16 Apr
Yes a few dollars might come in handy.
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@RebeccasFarm (90063)
• Arvada, Colorado
16 Apr
Falling? Now that is strange. For oil yeah.
2 people like this
@dgobucks226 (35642)
•
4 May
@RebeccasFarm Gas prices have been increasing quite a lot in the U.S. not falling recently.
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@RebeccasFarm (90063)
• Arvada, Colorado
16 Apr
Oh did they? They absconded with the gold.
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@JudyEv (340668)
• Rockingham, Australia
17 Apr
I saw that on our news yesterday. I don't understand how commodity prices go up and down like they do.
@dgobucks226 (35642)
•
4 May
Price of gold almost always rises when the economy is in bad shape. We can thank excessive government spending under the Biden administration for the current rise in price. Gold is very speculative and when people worry about the weakening value of the dollar they flock to buy gold. Why, because of factors like inflation and the National Government Debt increasing by trillions of dollars daily. Increased Government spending on things like climate change and foreign assistance in Ukraine, and now Israel has raised the debt ceiling making the dollar's purchasing power weaker not only here, but around the world.
In a nutshell, investors believe gold will retain its value and be a safe haven for those who invest in it when times become hard. This cost is passed on to the consumer who buys gold products like rings and jewelry.
Darn it, why did I sell my H.S. class ring so soon! I should have known when this illegal, incompetent president came out with Bidenomics I should have waited to sell...
Hope that helps OT!